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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.

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How Cryptocurrency and Cybercrime Trends Influence One Another

Webroot

Typically, when cryptocurrency values change, one would expect to see changes in crypto-related cybercrime. But that doesn’t necessarily mean you’ll see big spikes in ransomware or cryptojacking. As we see cryptocurrency values rise and fall, how should we interpret shifts in the threats we can expect to see?

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Ransomware Is Getting Ugly

Schneier on Security

Modern ransomware has two dimensions: pay to get your data back, and pay not to have your data dumped on the Internet. The Colonial Pipeline is another current high-profile ransomware victim. Brian Krebs has some good information on DarkSide, the criminal group behind that attack.) So is Vastaamo , a Finnish mental heal clinic.

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DarkSide Ransomware Gang Quits After Servers, Bitcoin Stash Seized

Krebs on Security

The DarkSide ransomware affiliate program responsible for the six-day outage at Colonial Pipeline this week that led to fuel shortages and price spikes across the country is running for the hills. The DarkSide message includes passages apparently penned by a leader of the REvil ransomware-as-a-service platform.

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Moldovan citizen sentenced in connection with the E-Root cybercrime marketplace case

Security Affairs

US DoJ sentenced a Moldovan national (31) to 42 months in federal prison for operating the E-Root cybercrime marketplace. Diaconu was operating the E-Root cybercrime marketplace. ” The marketplace allowed buyers to pay using cryptocurrency exchange and online payment system Perfect Money. .”

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Feds Seize LockBit Ransomware Websites, Offer Decryption Tools, Troll Affiliates

Krebs on Security

authorities have seized the darknet websites run by LockBit , a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments. LockBit members have executed attacks against thousands of victims in the United States and around the world, according to the U.S.

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FBI: Investment Scams Surpass BEC as Most Costly Cybercrime

SecureWorld News

Alright, how many of you saw a cryptocurrency ad on TV in 2022? Now the important question: how many of you got scammed in some sort of way by cryptocurrency or another type of investment? The report shows that phishing schemes were the most common type of cybercrime reported by victims in 2022, with 300,497 complaints.